General Mills, Inc. (NYSE:GIS) Shares Sold by Keystone Wealth Services LLC

Keystone Wealth Services LLC cut its holdings in shares of General Mills, Inc. (NYSE:GISFree Report) by 36.1% in the first quarter, HoldingsChannel reports. The firm owned 4,126 shares of the company’s stock after selling 2,331 shares during the period. Keystone Wealth Services LLC’s holdings in General Mills were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in GIS. Cetera Trust Company N.A purchased a new stake in shares of General Mills in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC purchased a new stake in General Mills in the 4th quarter worth approximately $28,000. Optimist Retirement Group LLC acquired a new stake in shares of General Mills during the 4th quarter worth approximately $1,171,000. Apollon Wealth Management LLC increased its holdings in shares of General Mills by 122.7% during the 4th quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company’s stock valued at $1,542,000 after purchasing an additional 13,043 shares in the last quarter. Finally, Sabal Trust CO lifted its stake in shares of General Mills by 7,817.6% in the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after purchasing an additional 286,514 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the topic of several analyst reports. Barclays raised their price target on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Mizuho upped their price target on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Morgan Stanley raised their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Wells Fargo & Company upped their target price on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of General Mills from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and an average target price of $71.94.

Get Our Latest Report on GIS

General Mills Price Performance

Shares of General Mills stock traded down $0.15 on Tuesday, hitting $67.92. 785,549 shares of the company were exchanged, compared to its average volume of 4,038,713. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $68.86 and a 200 day moving average price of $66.79. The stock has a market capitalization of $38.57 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 3.12 and a beta of 0.12. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $82.59.

Insider Buying and Selling

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by company insiders.

About General Mills

(Free Report)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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